obvious ethereum shill is obvious. you probably work for CONsensys.

considering theres zero use cases (not even gambling/drugs) for it right now and its up like 1300% in the last 2 months..

r/bitcoin and bitcointalk have basically been getting spammed with ethereum hype and bitcoin fud for the last couple months.

decentralized applications are not a new thing (bittorrent, tor, bitcoin, open bazaar; is smtp/email considered decentralized?), and i have yet to hear what types of dapps benefit from handcuffing themselves to a blockchain that requires fees for every computational step.

i think we're about to see a bunch of DAO, ICO, and crowdsale scams, dapp flops, and realization that sharding aint gonna work (cap theorem). ever wonder why they're leaving the hardest (impossible) parts of the project to the end while hyping it up now?

i even own some of the damn coin now.. but im short term bearish, medium term bullish, and long term bearish.

Actually I don't, you were wrong here.

It's amazing how much one can show what they don't understand in a singe post.

I've been reading a lot about ethereum and pretty much agree 100% with this. This is going to be a gigantic ****show at some point.

what part do you disagree with? i think ethereum has so much potential. sure there will be bumps, but the good dApps will help it grow much much bigger.

Neither of you are well read on ethereum. Nick Szabo is overseeing the project https://www.youtube.com/watch?v=7Y3fWXA6d5k

It's an implementation of his design, from nearly 20 years ago, and its the leading project out there.

I'm aware of his stance on this, and I still don't believe in the project long term. But I understand that you may disagree.

That being said, I'm still heavily investing in all the DAO crowdsales as I think they will all be pumped like crazy.

Whatever.
Sell me some GPU's.
Radeon R9 280, 370, 380
AMD 7950, 7970

i am. you were wrong here

i like the idea behind it, the same way i liked the original idea behind ripple, but there are disappointing aspects of both projects.

i wonder why the shill got banned.

Anyone getting in on Digix? I may throw a very small amount. Just a dart throw really, not that sold on their idea.

was thinking about it, but apparently it already sold out.. 5.5M in 14 hours.. are they basically trying to do e-gold on ethereum?

I think almost any crowdsale in the next few months is going to be immensely profitable for the low to medium stakeholder if they set exits at reasonable levels (3-10x) and stay away from long term holding. Incredible amounts of FOMO and greed in this ecosystem right now, making it perfect for pumps n dumps.

I think ether is an awesome short term investment opportunity. I hold some right now, as I think the hype will continue to grow for the next few months. But long term, I'm definitely short, as I don't think the actual project will be ultimately successful.


Here are a few concerns:

1) Scalability- it's going to be an issue at some point and a lot of experts say it will be impossible to get ethereum to scale to the size it's been marketed for.

2) Inflation- completely up to the foundation's discretion. too much power for one entity for what is supposed to be a decentralized network. what happens when ethereum is worth $1 trillion in market cap and 5 people and their vc backers still have control over its emission rate?

3) Greed- everyone invested has incentive to keep this train going as long as possible right now. Bitcoin's market cap provides a great measuring stick, and it makes for the large holders of ether to squeeze as much value out of this as they possibly can, regardless of their opinion on whether ethereum will actually work.

That being all said, until the bubble pops, personally I'm investing into almost every crowdsale that gets hype in the next few months with plans to exit immediately upon launch and expect to be profitable. That's the kind of wild wild west situation we're in right now with regards to all this.

1. They at least handled 100tps during the beta without hitting any hard limits. Sharding is looking promising and they are planning for INF transactions already. I say Scalability is look really good already.

2. Sure there is some extra risk here. Let's say there's a 10-50% risk that they will not implement ~0% inflation within 2 years. So is p < 1/100k that it will replace fiat discounting the risk, coz that's the upside.

3. Greed is good right now right? Whatever brings people to the network and adds to the network effect is good. Imo the worst risk is that not enough people care to join the network and not very much happens.

1) proof of stake, if possible, should fix this

2) this can be hard-coded in the program. If it goes to proof of stake it is likely there will be a limit of ether set, or it will be capped at something like 2% inflation yearly

3) greed is good. Helps development

Where can one find out about these 'crowd sales'. I kind of wish I would have known about ethereum when it was being sold... Thanks.

Digix.. yes the scams will be coming out in full force. In the history of time, I'm betting "gold backed" stuff has been the #1 scam. It also helps when the Ceo's name is Kai Cheng Chng.

cant be any worse than the 6 million that lisk raised 2 weeks ago

1. not hard, just have arbitrary block size. they're def masters of technobabble. sharding is still currently a "research project." i think they recently did some pruning. sharding is a long ways away if its even possible (without sacrificing important elements of the network).

2. not worried about this--the developers are not likely to shoot themselves in the foot. even if the inflation rate is constant, it would still tend to zero percent.

3. yes but ur missing his point. hes just saying they're gonna hype this to the hills regardless of their personal opinions. the devs love to talk about what might be possible, not the current reality. if they can make sharding work without sacrificing decentralization, i'll change my tune. but they're saying thats possibly years away, and there are doubts about it.

Lol that's insane

Has anyone published an explanation of how numeric markets work in Augur? I can't find basic information. For example, is the consensus value the median? And how do Rep penalties scale with distance from the consensus value?

Scalar markets? I'll try to find it in their slack but it's really unclear still. A lot of the beta markets aren't even proper examples of how they should work so it makes it even tougher to gauge

Yeah they call them scalar markets in the whitepaper, but numeric markets in the beta. Either way, I have no idea what's going on with them. The interface in the beta is confusing too.

Finally some action again!

Hadn't check the price of ether in a while. Checked today, what happened?